CCJ
Cameco, Orano Canada to acquire TEPCOs Cigar Lake interest
Article Summary
HOLD- Cameco Inc. (NYSE: CMCO) and Orano Canada signed an agreement to acquire TEPCO Resources' 5% participating interest in the Cigar Lake joint venture, increasing Cameco's share by 2.871% to 57.418%, with Orano increasing its stake to 42.582%.
- The deal is expected to close in the third quarter of 2026, with Cameco expected to pay approximately C$115.75 million for TEPCo's portion of the interest, subject to regulatory and other customary closing conditions.
- The acquisition increases Cameco's stake in the mine, which holds estimated 172.4 million pounds of triuranium octoxide in proven and probable reserves, with total measured and indicated resources of roughly 26.3mlb and 20mlb of inferred resources based on full ownership.
- Cameco plans to maintain production and development activities in its current mining zone known as CLMain, while advancing the CLExt extension project, which aims to support operations through 2036.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 8.3% | 25% | 35.0 ptsBelow Screener (8.3%) - Weak growth |
| EPS Growth Next 5Y ? | 31.7% | 25% | 90.0 ptsExcellent (31.7%) - Strong outlook |
| Target Price Upside ? | 17.3% | 20% | 60.0 ptsModerate Upside (17.3%) - Target: $132.51 vs Current: $113.01 |
| Gross Margin % ? | 27.4% | 15% | 40.0 ptsModerate (27.4%) - Adequate margins |
| Drawdown from 52-Wk High ? | -16.4% | 15% | 40.0 ptsMild Pullback (-16.4%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About CCJ
- Cameco Corporation provides uranium for the generation of electricity in the Americas, Europe, and Asia.
- It operates in three segments: Uranium, Fuel Services, and Westinghouse.
- The Uranium segment engages in the exploration for, mining, milling, purchase, and sale of uranium concentrate.
- Its Fuel Services segment is involved in the refining, conversion, and fabrication of uranium concentrate, as well as purchase and sale of conversion services.
- The Westinghouse segment operates as a nuclear reactor technology original equipment manufacturer and a provider of products and services to commercial utilities and government agencies.
- It also provides outage and maintenance, engineering support, instrumentation and controls equipment, and plant modification services, as well as components and parts to nuclear reactors.
- The company sells its uranium and fuel products and services to nuclear utilities.
- Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.